$\underline{\text{ Transactions: }}$ The Following Selected Transactions Occurred for a Nongovernment, Not-For-Profit Organization

question 2

Essay

$\underline{\text{ Transactions: }}$ The following selected transactions occurred for a nongovernment, not-for-profit organization. All amounts are in thousands of dollars.

1. Received a contribution of stock to establish an endowment fund. The income from the endowment is unrestricted. The donor had acquired the stock for $23 about 20 years earlier. Its estimated fair value when donated was $250.
2. Pledges receivable at year end were $100, all from pledges received during the year. The pledges are unrestricted and 5% of the pledges are estimated to be uncollectible. The pledges expect to be collected early next year.

For questions 3-5, assume that the organization has adopted a policy that restrictions on donations made for capital purposes are met when the capital item is purchased.

3. A cash gift of $200 was received restricted for the purchase of equipment.
4. Equipment of $80 was purchased from the gift restricted for this purpose.
5. Depreciation expense for the year on the equipment purchased is $10.

$\underline{\text{ Requirement: }}$ Prepare the journal entries for the above transactions.

Recognize and describe management skills and roles.

Distinguish between different research methods in organizational behavior.

Understand the concept of evidence-based management.

Explain the importance and mechanisms of delegation in organizations.

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Definitions:

Types of Meditation

Refers to the various practices aimed at focusing the mind and achieving mental clarity and emotional calmness, including mindfulness, transcendental meditation, and guided meditation.

Positive Effects

The beneficial outcomes or influences of a particular action, situation, or condition.

Meditation

The method of intensively concentrating on a noise, item, mental image, breathing, motion, or the act of focusing itself to boost consciousness of the current moment, alleviate stress, encourage calmness, and foster both personal and spiritual development.

Potential Uses

Refers to the possible applications or benefits that something might have in various scenarios.